America Movil, S.A.B. de C.V. (NYSE:AMX) declared a semiannual dividend on Wednesday, October 18th, Wall Street Journal reports. Shareholders of record on Friday, October 27th will be given a dividend of 0.1599 per share by the Wireless communications provider on Monday, November 20th. This represents a yield of 1.75%. The ex-dividend date is Thursday, October 26th.
America Movil, S.A.B. de C.V. has decreased its dividend payment by an average of 6.1% per year over the last three years. America Movil, S.A.B. de C.V. has a payout ratio of 22.2% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect America Movil, S.A.B. de C.V. to earn $0.97 per share next year, which means the company should continue to be able to cover its $0.32 annual dividend with an expected future payout ratio of 33.0%.
America Movil, S.A.B. de C.V. (NYSE AMX) traded down 1.21% during trading on Friday, reaching $17.08. The company’s stock had a trading volume of 5,605,647 shares. America Movil, S.A.B. de C.V. has a 52-week low of $11.02 and a 52-week high of $19.50. The stock has a market cap of $56.15 billion, a price-to-earnings ratio of 21.35 and a beta of 0.54. The firm has a 50 day moving average price of $18.18 and a 200-day moving average price of $16.97.
A number of equities research analysts have weighed in on the stock. UBS AG lowered shares of America Movil, S.A.B. de C.V. from a “market perform” rating to an “underperform” rating in a research note on Wednesday, August 23rd. Deutsche Bank AG raised shares of America Movil, S.A.B. de C.V. from a “hold” rating to a “buy” rating and boosted their price objective for the company from $20.00 to $21.00 in a research report on Monday, October 16th. Morgan Stanley raised shares of America Movil, S.A.B. de C.V. from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $16.00 to $21.00 in a research report on Thursday, August 10th. Credit Suisse Group reaffirmed a “neutral” rating on shares of America Movil, S.A.B. de C.V. in a report on Tuesday, July 11th. Finally, Barclays PLC reaffirmed an “overweight” rating and issued a $20.00 target price (up previously from $18.00) on shares of America Movil, S.A.B. de C.V. in a report on Monday, August 21st. Four equities research analysts have rated the stock with a sell rating, two have given a hold rating and six have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $16.31.
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America Movil, S.A.B. de C.V. Company Profile
America Movil, SAB. de C.V. is a holding company. The Company provides telecommunications services. Its services include mobile and fixed-line voice services, wireless and fixed data services, Internet access and pay television, sales of equipment, accessories and computers, as well as other related services.
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